๐Ÿ“ The Cheat Sheet - March 6, 2021

 
Profit Trends

2.9% YTD

2.3% YTD

0.3% YTD

Dow Jones Industrial Average

S&P 500 Index

Nasdaq Composite

 
Mushrooms

The $100 Billion Opportunity Behind Psilocybin Mushrooms

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Coal

Coal Is on Its Way to Extinction

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Airplane

The Skies Are Clearing for Travel and Leisure

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MicroStrategy

The Best Short Opportunity on the Market

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Mushrooms
 

Californian activists are attempting to place an initiative to legalize psilocybin mushrooms on the state's 2022 ballot. They tried to put a similar initiative on the 2020 ballot but were unable to get enough signatures due to COVID-19 restrictions.

The new initiative would make the age to buy psilocybin mushrooms 21, up from the previous initiative's 18. And though the 2020 effort stated that prior psilocybin convictions would be expunged, the 2022 initiative would allow for those convictions just to be reviewed. Definitions regarding the therapeutic use of mushrooms were also adjusted in the new effort.

 

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Left Quote

It's clear that coal is on its way to extinction. And there are plenty of renewable sources and technologies taking its place.

Right Quote
 

- David Fessler
Engineering Strategist

 
 
Chart - US Globla Jets ETF
 

The markets were flying high in early 2020 until news of the coronavirus brought them crashing to earth.

Over the last 12 months, the price of the U.S. Global Jets ETF (NYSE: JETS) has been down as much as 60%. And it ended 2020 with a 29% loss.

But things are really supposed to pick up in the second quarter.

With vaccines being distributed left and right, there's hope that travel will resume in the spring... and be in full force by summer.

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